Bitcoin At A Critical Level (BTCUSD)
Bitcoin is trading to the top of its 3 month balance area. This level has presented as strong overhead resistance this past couple of months.
A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days.
More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say that because ranges are more common than breakouts, and Bitcoin has been rangebound for all of 2022.
The next few hours should reveal either a breakout with immediate follow through, or a test/reject reversal from this level.
Remember, trade what you see, not what you THINK should happen.
A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days.
More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say that because ranges are more common than breakouts, and Bitcoin has been rangebound for all of 2022.
The next few hours should reveal either a breakout with immediate follow through, or a test/reject reversal from this level.
Remember, trade what you see, not what you THINK should happen.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.